23
Feb
15:44
Tenaris foresees Mid-East demand growth, sourcing pattern change
The Middle East will see growth in OCTG demand in 2018, while regional buyers’ focus on working capital efficiency means they are sourcing product required only for immediate consumption, according to Tenaris.
Tenaris’ Middle East and Africa segment reported a 5% on-year increase in revenue in the fourth quarter of 2017 to $290 million. This was thanks to a ramp-up of sales of offshore line pipe in the East Mediterranean and in sub-Saharan Africa, to…
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Anonymous
Very good overview of the weekly steel market.
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